Santander Edge

cisko65

I haven't been able able to find answers for my following queries the Santander website. Apologies if the can.

I have an Easy current account (I can't understand what's the difference with the previous 123 lite). I would like to work out the requirements for Edge current and Edge saving accounts. I've read several time the descriptions but I can't see what is the different between them and the Every Day current & the Easy saving Access accounts.

Thanks very much for your help.

Ayr_Rage

Current Accounts available now.

https://www.santander.co.uk/personal/support/current-accounts/compare-our-range-of-current-accounts

Savings

https://www.santander.co.uk/personal/savings-and-isas

All the info and requirements are on those pages.

35har1old

cisko65 said:

I haven't been able able to find answers for my following queries the Santander website. Apologies if the can.

I have an Easy current account (I can't understand what's the difference with the previous 123 lite). I would like to work out the requirements for Edge current and Edge saving accounts. I've read several time the descriptions but I can't see what is the different between them and the Every Day current & the Easy saving Access accounts.

Thanks very much for your hTelp.

The edge current account has a £3 fee but if you don't setup 2 Direct debits you are not charged the fee but you can open the Edge saver currently pay 6% for the first year on £4000 no interest paid on amounts above £4000 so you need to withdraw the interest each month
After the year close and reopen 

The Edge up current charges a fee of £5
Pays 2.5% on balances upto £25000
But no access to Edge Saver

cisko65

Ayr_Rage said:

Current Accounts available now.

https://www.santander.co.uk/personal/support/current-accounts/compare-our-range-of-current-accounts

Savings

https://www.santander.co.uk/personal/savings-and-isas

All the info and requirements are on those pages.

Thanks for the links! I had read them twice, but reading them again, and clarified by 35ar1old, helped.

cisko65

35har1old said:

cisko65 said:

I haven't been able able to find answers for my following queries the Santander website. Apologies if the can.

I have an Easy current account (I can't understand what's the difference with the previous 123 lite). I would like to work out the requirements for Edge current and Edge saving accounts. I've read several time the descriptions but I can't see what is the different between them and the Every Day current & the Easy saving Access accounts.

Thanks very much for your hTelp.

The edge current account has a £3 fee but if you don't setup 2 Direct debits you are not charged the fee but you can open the Edge saver currently pay 6% for the first year on £4000 no interest paid on amounts above £4000 so you need to withdraw the interest each month
After the year close and reopen 

The Edge up current charges a fee of £5
Pays 2.5% on balances upto £25000
But no access to Edge Saver

Now I see why I had not considered Edge saver! I had seen that, although the first year interest was 6%, it was on £4000 max (so interests to withdraw monthly). 
I opened Chase Easy Access Saver (4.85% for the first year.)

With Santander I could open Edge and Edge Saver.

Comparing Easy Access and Edge as the necessary current account:

with Easy Access I already pay bills and pay in £1500 (and at the moment I pay it out to another bank).

So, as far as I understand, for me the only difference between Edge and Easy current accounts would be £1 for the montly fee. 

Is that correct? 

Not quite sure what you mean by "the edge current account has a £3 fee but if you don't setup 2 Direct debits you are not charged the fee but you can open the Edge saver". Is there a word missing?

Thanks again.

xylophone

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

cisko65

xylophone said:

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

Ah ok, usually it's the other way round. Thanks.

cisko65

cisko65 said:

xylophone said:

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

Ah ok, usually it's the other way round. Thanks.

Sorry, I'm a bit lost. On the webpage below it says "£3 monthly fee. Pay in £500 each month and have 2 active Direct Debits." Thanks again.
https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account?icid=AT270_CheckWhatICouldEarn_ExpB

masonic

cisko65 said:

cisko65 said:

xylophone said:

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

Ah ok, usually it's the other way round. Thanks.

Sorry, I'm a bit lost. On the webpage below it says "£3 monthly fee. Pay in £500 each month and have 2 active Direct Debits." Thanks again.
https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account?icid=AT270_CheckWhatICouldEarn_ExpB

I would suggest you familiarise yourself with the T&Cs related to the monthly fee. Then you will understand under what circumstances it is taken.

cisko65

masonic said:

cisko65 said:

cisko65 said:

xylophone said:

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

Ah ok, usually it's the other way round. Thanks.

Sorry, I'm a bit lost. On the webpage below it says "£3 monthly fee. Pay in £500 each month and have 2 active Direct Debits." Thanks again.
https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account?icid=AT270_CheckWhatICouldEarn_ExpB

I would suggest you familiarise yourself with the T&Cs related to the monthly fee. Then you will understand under what circumstances it is taken.

Now I see! Santander does highlight only what's more convenient to them. And I would have not thought the DD was not compulsory if you hadn't mentioned T&C (never too easy to interpret them for me).
Now I need to consider whether it is better to pay direct debit from Easy current account (I think I can have two current accounts) or from Edge, paying £3 instead of the £2 and getting some cashback. Thanks!

friolento

cisko65 said:

masonic said:

cisko65 said:

cisko65 said:

xylophone said:

If you do not set up 2 DDs on the Edge current account you do not get charged a fee.

Regardless of the fact that you are not paying a fee you can still open the Edge saver.

Ah ok, usually it's the other way round. Thanks.

Sorry, I'm a bit lost. On the webpage below it says "£3 monthly fee. Pay in £500 each month and have 2 active Direct Debits." Thanks again.
https://www.santander.co.uk/personal/current-accounts/santander-edge-current-account?icid=AT270_CheckWhatICouldEarn_ExpB

I would suggest you familiarise yourself with the T&Cs related to the monthly fee. Then you will understand under what circumstances it is taken.

Now I see! Santander does highlight only what's more convenient to them. And I would have not thought the DD was not compulsory if you hadn't mentioned T&C (never too easy to interpret them for me).
Now I need to consider whether it is better to pay direct debit from Easy current account (I think I can have two current accounts) or from Edge, paying £3 instead of the £2 and getting some cashback. Thanks!

You can definitely have more than one Santander current account. I currently have 5. Did you see, you can get a £30 Amazon voucher when applying for a new one? https://forums.moneysavingexpert.com/discussion/6629545/santander-account-30-amazon-voucher/p1